Paytoo Mobile Wallet Platform Debuts in the U.S. Market

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Deposits to mobile wallet accounts on Paymotech’s Paytoo mobile platform is now possible at 150,000 stores in North America through its alliance with Prepay Nation.

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"Working alongside one of the world’s leading hubs for mobile Top-Up will build more confidence and trust in our services,” said Michel Poignant, CEO of Paymotech.

Paymotech, a leader in cutting-edge telecommunications and mobile payment solutions and a provider of Top-Up or instant account refills for international prepaid mobile phone users, has signed an agreement with Prepay Nation that will make Paytoo’s mobile money solution accessible through Prepay Nation’s extensive retail distribution network.

The Paytoo service provides users with the ability to store money in mobile wallet accounts and to transfer money internationally through the Paytoo Network. Through their partnership with Prepay Nation, Paytoo will allow mobile phone users to add credit instantly, inexpensively and securely to their Paytoo account at convenient retail locations throughout North America.

The initial alliance is focused on those Paytoo customers within the United States sending money to the South American and Asian markets. Additional countries will be added to the network toward the end of 2011, including countries in Africa.

Paytoo’s rapid growth reinforces the company’s commitment to deliver brand innovation to an ever-growing mobile community. This initiative builds customer loyalty and trust in some of the world’s most competitive mobile marketplaces; and establishes a promising alliance with Prepay Nation, a leader in mobile platform solutions.

"Working alongside one of the world’s leading hubs for mobile Top-Up will build more confidence and trust in our services,” said Michel Poignant, CEO of Paymotech.

Paymotech, Paytoo’s parent company intends to become the leading international mobile wallet solution offering payment services to any GSM network in the world.

“We are delighted to be partnering with Paymotech,” said Jessica Bishop, Prepay Nation’s Vice President of Business Development. “Their unique solution to help address the needs of mobile phone users–from those who travel a lot to those who don’t have a bank account–fits perfectly with our existing portfolio of services. The expansion into using our platform and network for mobile money processing is a natural evolution for us.”

“This partnership reinforces our goal to enable a truly global mobile remittance ecosystem,” said Bishop.

About Paymotech
Launched in 1999, the Paymotech Group through its Swiss Holding Parent Company is currently listed on the Frankfurt Stock Market – Deutsche Börse Group (4PA.DE). Since 2004, Paymotech offers mobile phone solutions, VoIP, SIM cards free of roaming charges, and secured e-commerce payment transaction solutions. The Paymotech Group introduced itself to the global market with Paytoo, its mobile payment platform. Paytoo is the first GSM mobile wallet solution to combine telecommunications and mobile payments all drawing from a single account. For more information please visit http://www.paymotech.com/.

About Prepay Nation
Prepay Nation is a fast growth company in the business of enabling micropayments from one person to another across international borders. Prepay Nation utilizes the prepaid mobile ecosystem to transfer values in the form of international airtime remittance. With mobile operator partnerships in Central America, South America, the Caribbean, Asia and Africa, and a varied distribution channel spanning the United States, Canada and the Middle East, Prepay Nation offers its innovative services to expatriates who financially support their loved ones back home. Prepay Nation’s unique business model, highly scalable processing platform, and interconnectivity with mobile operators allow for instantaneous and no-fee transfers for the consumers and an opportunity to generate significant revenues for the distributors. For more information please visit http://www.prepaynation.com.

For more information about Paytoo, please contact:
Krystal Lynn Hedrick
Paymotech Group
+1 (954) 318 1240
KrystalLynn(at)paymotech(dot)com | http://www.paytoo.com

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Krystal Lynn Hedrick
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